Provision Hyper-V guest Error during Microsoft Virtual Machine Converter conversion

MVMC ErrorVHD in Hyper-VHyper-V ManagerVM Boot FailureI am trying to convert a physical Windows 2012R2 Server PC to Hyper-V Server and getting an error during final stage.
As seen in screenshots, it fails on final stage. I can see that C.vhd has been created in \\192.168.2.123\Hyper-V\Virtual hard disks\TESTVM (where 192.168.2.123 is W2012 Hyper-V server.
When I checked Hyper-V server manager, I saw TESTVM and it failed to boot with the error message shown on the screenshot.
Can you help?
sgleeAsked:
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Carol ChisholmConnect With a Mentor Commented:
Almost certainly a permissions issue. Look in the event log for the exact event number to confirm and refine your search.

But here are some threads, and there is a MS KB too
http://superuser.com/questions/1081981/cant-initialize-vms-on-hyperv-windows-server-2012
http://techblog.mirabito.net.au/?p=275
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